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The United States Treasury Department will sell 30 million more GM shares ahead of the company’s inclusion into the S&P 500.
General Motors received $49.5 billion from the federal government, which represented the largest portion of the industry bailout in 2009.
It’s possibly the government could sell back the entirety of its holdings in the automaker by year’s end. It’s assumed there’s no way way the government will be able to recuperate its initial investment - Tax payer screwed
The United States Treasury Department will sell 30 million more GM shares ahead of the company’s inclusion into the S&P 500.
General Motors received $49.5 billion from the federal government, which represented the largest portion of the industry bailout in 2009.
It’s possibly the government could sell back the entirety of its holdings in the automaker by year’s end. It’s assumed there’s no way way the government will be able to recuperate its initial investment - Tax payer screwed
What did your source say about the monies paid back in cash and the monies that will be made when the govenment sells off its shares...what is that total figure?
You give the 49.5 b figure but no other.
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